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Keyword: newprojects

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  • CA: Treasurer: State not ready for new projects (already has $17 billion in unused bonds)

    12/21/2005 9:46:44 AM PST · by NormsRevenge · 2 replies · 160+ views
    Oakland Tribune ^ | 12/20/05 | Steve Geissinger
    SACRAMENTO — The governor and lawmakers plan to make 2006 the year of infrastructure bonds, but the state treasurer warned Tuesday that California already has $17 billion in unused bonds for projects that have been delayed by staffing shortages, bureaucratic red tape and other woes. Phil Angelides said it is "critical for the state to accelerate the delivery of the bond-funded state projects and programs that have already been approved by the Legislature and the voters but not built or completed." Aides to Republican Gov. Arnold Schwarzenegger, who is seeking re-election, downplayed the problem, which Angelides, a Democrat running for...